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Everyone in the food industry is feeling the pinch of the economy with reduced consumer patronage in restaurants and even a reduction of produce consumption in the winter months. This makes business tight causing a hard look at any extra costs. One of those costs is with partnering services, with many food service operators relying on purchasing groups to help them make category-specific strategic purchases.
Photo by Cindy Ord/Getty Images for SCAD Its the latest in a long line of healthier drink acquisitions for the soda giant This week, massive food and beverage conglomerate PepsiCo announced that it would drop nearly $2 billion to acquire Poppi, the low-calorie, probiotic-infused soda brand that youve likely seen on your social media feeds. According to Reuters , the move comes at a time when Pepsi is facing declining demand as customers look to consume less sugar and seek out healthier drinks.
Managing food costs is one of the most important factors in running a profitable restaurant. With rising ingredient prices and tight profit margins, understanding the food cost formula can make the difference between financial success and failure. By accurately calculating food costs, restaurant owners can set the right menu prices, reduce waste, and maximize their profits.
Working Lunch: This week's political podcast features a conversation with Erika Polmar of the Independent Restaurant Coalition, and restaurateur Robert St. John, about how independent restaurants face challenges that are different from chains.
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
A few weeks ago, Chris, Head of Procurement at a restaurant chain with 83 locations, called me. We finally locked in a deal for olive oil, he said. One supplier, better price, and they can deliver to all our outlets. A smart move. Olive oil prices had surged, hitting food costs hard. By negotiating a bulk deal, Chris solved two problems at once: Lower food costs, higher margins.
Getty Images From Caraways nonstick (and non-toxic) bundles to a hobbit-sized cast-iron frying pan, these little pans do big things What better way to frame a lone fried egg than with a hobbit-sized skillet? Why schlep out a monster pan when youre cooking an oatmeal skillet cookie, or a quick shakshuka for one that requires a mere seven-ish inches of circumference for optimal poaching?
Getty Images From Caraways nonstick (and non-toxic) bundles to a hobbit-sized cast-iron frying pan, these little pans do big things What better way to frame a lone fried egg than with a hobbit-sized skillet? Why schlep out a monster pan when youre cooking an oatmeal skillet cookie, or a quick shakshuka for one that requires a mere seven-ish inches of circumference for optimal poaching?
In the ever-evolving landscape of the restaurant industry, keeping up with changing trends and maintaining growth can sometimes seem like walking a tightrope. However, leaders and visionaries within the industry, like Sam Oches, Editor in Chief of Nation’s Restaurant News, offer a guiding light to success.
Restaurant Business revisited some of the independent restaurant operators we spoke with during the height of the COVID-19 pandemic. Here's how they're doing now and what they're worrying about for the future.
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
The Bottom Line: The restaurant industry, eager for sales and traffic in a difficult year, issued more new products than they ever have. Yet it hasnt worked to get customers in the door.
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